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Petros
Petros is 29 years old. He is not married, and he lives with his mother and sister in Stepanavan city, which is in the Lori region. Petros works as a locksmith, his sister is an accountant at the city Medical Centre, and his mother is a housewife.

Petros, with his sister, does their best to provide their mother with good living conditions. They have decided to do some repairing of their house. Thanks to their savings, they managed to start their repairing activities, but now they are short of money, and they need support.

Petros asks a loan of AMD 600,000 to continue their house repairs, now half complete.

Additional Information

More information about this loan

This loan is helping support a borrower who is under age 30. Because many young people lack business experience or established credit histories, it can be even more difficult for them to access financial services. By funding this youth loan, you are expanding opportunity for a young person with limited resources

About “Nor Horizon”

“Nor Horizon” UCO LLC is committed to promoting poverty alleviation in Armenia by providing high-quality financial and other business development services to enterprising individuals in under-served rural and urban markets who have a strong will to establish and develop their own small-scale businesses. Originally created as the Armenian micro credit program of Oxfam (Great Britain) in late 1995, “Nor Horizon” LLC has been licensed under supervision of the Central Bank of Armenia since early 2006.

For more information about “Nor Horizon,” please visit the partner page or website.

To stay updated on loans from Armenia, please join the Armenia lending team at http://www.kiva.org/team/armenia.

About Housing Loans

Many poor families cannot afford housing that meets their needs. When you make a housing loan on Kiva, you give people access to flexible capital to obtain or improve their homes. Better housing means better health, sanitation, and even educational outcomes for children. A house can also be much more for entrepreneurs who run businesses out of their homes. In this way, housing and small business loans on Kiva share a common purpose: to alleviate poverty and enable families to enjoy more stable lives.

Tags

About Armenia

  • $6,400
    Average annual income
  • 119
    View loans »
    Armenia Loans Fundraising
  • $12,840,150
    Funds lent in using Kiva
  • 405.4
    Armenia Drams (AMD) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $1,500 helped Petros to continue his house repairs, now half complete.
66% repaid
Repayment Term
26 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 21, 2013
Listed
Nov 17, 2013
Currency Exchange Loss:
Possible